Title

Proposition Summary

DISCLOSURES TO CONSUMERS, VOTERS, INVESTORS. INITIATIVE STATUTE. Measure requires, as specified, the following disclosures: (1) advertisers' warnings regarding disposal of toxic household products with exceptions; (2) notices regarding coverage limits and insurance offeror's identity on insurance policies to supplement Medicare; (3) disclosures in nursing home contracts and advertisements regarding access to State Ombudsman and facility violation information; (4) disclosures by initiative and referendum campaign committees as to contributors; and (5) disclosures by corporations selling stocks in state whether or not they are doing business in South Africa or with any person or group located there. Provides fines for violations. Summary of Legislative Analyst's estimate of net state and local government fiscal impact: The net annual state costs could be up to $550,000 when the measure is fully implemented for toll-free telephone lines, development of regulations, and recordkeeping. Costs would be offset by unknown amount of fines from violators.